African Bank vs Capitec

Interest rates compared

Last updated 1st May 2026 by Walter

Introduction

This fixed deposit comparison page compares African Bank interest rates to Capitec interest rates. All the interest rates shown are sourced from the African Bank and Capitec websites, respectively. All rates shown on this page have been converted to nominal rates! This allows for a fair comparison. Rates last updated 1st May 2026.

How do African Bank fixed deposit interest rates compare to Capitec ?

You are more likely to find better interest rates at African Bank than Capitec. Specifically, 100 out of 100 interest rates are better at African Bank than Capitec. This means you are more likely to find a better interest rate at Capitec 0% of the time. (PS this was done by comparing all the interest rates on offer for different terms, investment amounts and age groups. Only terms which are offered by both banks are included in the comparison)

African Bank
8.47%
best rate
Capitec
7.60%
best rate

The best interest rate you can get at African Bank is 8.47% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 . Whilst at Capitec, the best interest rate you can get is 7.6% for the 60-month fixed deposit. You will need a minimum deposit of R1,000,000 .

But how do interest rates at African Bank compare to Capitec across different terms and investment amounts?

6 month fixed deposit interest rates compared

African Bank vs Capitec

This table shows African Bank's and Capitec's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 6 month fixed deposit.

Investment amount African Bank1Capitec1 Winner 2
R10,000 for 18+
6.93%
6.60%
+
17
R100,000 for 18+
7.02%
6.75%
+
139
R250,000 for 18+
7.02%
6.80%
+
283
R1,000,000 for 18+
7.17%
6.85%
+
1,647
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Capitec.
    A negative amount means that Capitec offers more than African Bank.
How to read this table?

You get a 7.17% interest rate at African Bank for a R1,000,000 investment in a 6 month fixed deposit (if you are older than 18). Capitec's interest rate for the same terms is 6.85%. Over 6 months you will earn R1,647 more in interest at African Bank compared Capitec.

1 year fixed deposit interest rates compared

African Bank vs Capitec

This table shows African Bank's and Capitec's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 1 year fixed deposit.

Investment amount African Bank1Capitec1 Winner 2
R10,000 for 18+
7.07%
6.75%
+
34
R100,000 for 18+
7.17%
6.95%
+
235
R250,000 for 18+
7.26%
7.00%
+
694
R1,000,000 for 18+
7.26%
7.05%
+
2,242
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Capitec.
    A negative amount means that Capitec offers more than African Bank.
How to read this table?

You get a 7.26% interest rate at African Bank for a R1,000,000 investment in a 1 year fixed deposit (if you are older than 18). Capitec's interest rate for the same terms is 7.05%. Over 12 months you will earn R2,242 more in interest at African Bank compared Capitec.

2 year fixed deposit interest rates compared

African Bank vs Capitec

This table shows African Bank's and Capitec's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 2 year fixed deposit.

Investment amount African Bank1Capitec1 Winner 2
R10,000 for 18+
6.93%
6.85%
+
18
R100,000 for 18+
7.12%
7.05%
+
160
R250,000 for 18+
7.26%
7.10%
+
918
R1,000,000 for 18+
7.40%
7.15%
+
5,746
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Capitec.
    A negative amount means that Capitec offers more than African Bank.
How to read this table?

You get a 7.4% interest rate at African Bank for a R1,000,000 investment in a 2 year fixed deposit (if you are older than 18). Capitec's interest rate for the same terms is 7.15%. Over 2 years you will earn R5,746 more in interest at African Bank compared Capitec.

3 year fixed deposit interest rates compared

African Bank vs Capitec

This table shows African Bank's and Capitec's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 3 year fixed deposit.

Investment amount African Bank1Capitec1 Winner 2
R10,000 for 18+
7.02%
6.90%
+
44
R100,000 for 18+
7.26%
7.10%
+
591
R250,000 for 18+
7.49%
7.15%
+
3,155
R1,000,000 for 18+
7.73%
7.20%
+
19,755
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Capitec.
    A negative amount means that Capitec offers more than African Bank.
How to read this table?

You get a 7.73% interest rate at African Bank for a R1,000,000 investment in a 3 year fixed deposit (if you are older than 18). Capitec's interest rate for the same terms is 7.20%. Over 3 years you will earn R19,755 more in interest at African Bank compared Capitec.

5 year fixed deposit interest rates compared

African Bank vs Capitec

This table shows African Bank's and Capitec's interest rates for a R10,000, R100,000, R250,000 and R1,000,000 investment in a 5 year fixed deposit.

Investment amount African Bank1Capitec1 Winner 2
R10,000 for 18+
8.05%
7.20%
+
618
R100,000 for 18+
8.43%
7.40%
+
7,591
R250,000 for 18+
8.45%
7.45%
+
18,456
R1,000,000 for 18+
8.47%
7.60%
+
64,494
  • 1 nominal interest rate
  • 2 the amount of interest you will be able earn at African Bank over and above Capitec.
    A negative amount means that Capitec offers more than African Bank.
How to read this table?

You get a 8.47% interest rate at African Bank for a R1,000,000 investment in a 5 year fixed deposit (if you are older than 18). Capitec's interest rate for the same terms is 7.60%. Over 5 years you will earn R64,494 more in interest at African Bank compared Capitec.

How do African Bank interest rates compare to other banks?